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17031 Northeast 21st Avenue

Updated Jul 27, 2026

Alejandro Gershanik Acquires Multifamily Property In North Miami Beach For $3.36 Million
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Property In North Miami Beach For $3.36 Million

17031 Northeast 21st Avenue

$3,360,000

$323/SF

Building Size

10,400 SF

Asset Type

MultiFamily

Closing

Jul 10, 2026

About this deal

AI

The property asset involved in the transaction is located at 17031 Northeast 21st Avenue in North Miami Beach. This multifamily asset consists of 16 units and spans 10,400 square feet. The total sale price achieved for this property was $3,360,000, averaging $210,000 per unit and $323 per square foot.

Summary of transaction details:

This transaction involved the buyer, Alejandro Gershanik, acquiring the property from seller Jacob Ohayon, with the brokerage services provided by Joseph Thomas and Alec Demetriou from Marcus & Millichap, representing the respective parties in this deal.

On the Map

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$3,360,000

$323/SF

MultiFamily

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Players

Joseph Thomas

Marcus & Millichap

Broker

$401.3M

vol

62 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

Buyer

$118.4M

vol

39 deals

Buyer
Jacob Ohayon

Jacob Ohayon

Seller

$126.9M

vol

20 deals

Seller
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North Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $323 per square foot on a published $3.4M for 10,400 square feet (2026).

Visit Alec Demetriou to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.72%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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